Concierge Auctions continues to showcase the effectiveness of its platform in the upscale Florida real estate market, with three recent successful auctions in the Miami and Broward County areas totaling $131.25 million. Since the company’s founding in 2008, 40 auctions have transpired in the state of Florida—nine in the last year alone—generating a total of more than $230 million in sales, including the world record in late 2018 for highest sale price ever achieved at auction and highest sale ever in Broward County for Playa Vista Isle in Hillsboro Beach, Florida.
"I hired Concierge Auctions because their reach to the most elite buyers across the globe is unsurpassed, and I’ve been equally impressed by the attention to detail and business acumen of their entire organization. If I had the chance to sell this property again, Concierge Auctions would be my first call. They are the best organization in the world to produce the highest price for one-of-a-kind properties in an efficient manner," said seller Robert Pereira.
“Our increased activity in the Florida market proves more luxury homeowners are choosing to sell at auction as an on-demand solution in the liquidating of assets on their timeline. Buyers recognize we are the leading marketplace to name their price for high-end property,” said Chad Roffers, chairman of Concierge Auctions. “Ten years ago, we set out to build a predictable, broker-friendly model that’s a win-win-win for sellers, buyers, and agents. Today, we’ve expanded to 40 states and 27 countries and can sell any property in the world in just six weeks.”
The recent release of Concierge Auctions’ third-annual “U.S. Luxury Homes Index”—an analysis of the 10 highest property sales in 56 high-end markets around the U.S.—found the top 10 luxury homes in the Miami and Broward County marketplaces lingered on the market for an average of 502 and 605 days, respectively. The majority of the properties took longer than 180 days to sell—627 days (Miami) and 746 days (Broward County)—and achieved an average of 67.74% and 82.37% of the original list price, respectively.
Recent Florida auctions include Tarpon Pointe in Fort Lauderdale, which auctioned at a live on-site event on May 18th in cooperation with Billy Nash of Illustrated Properties, a member of Concierge Auctions’ 2019 Agent Advisory Board. Last listed for $27 million and on the market for 284 days, Concierge Auctions’ global exposure resulted in 2,472 buyer prospects, 116 open house visitors, 78 qualified showings, and eight bidders.
“Teaming up once again with Concierge Auctions and Nash Luxury produced a successful outcome for our client,” said Nash. “Being able to globally market a one-of-a-kind property, identify buyers, and have the property under contract in less than 90 days adds tremendous value. We look forward to our next deal together.”
Previously listed for $36.25 million, Casa Bella Fortuna in Las Olas Isles auctioned for $17.36 million at a live on-site event on April 12th in cooperation with Hot Listings Miami TV star and executive producer Katrina Campins of The Campins Company. This estate—completed in 2015 and inspired by the Doge’s Palace in Venice—was on the market 522 days prior to the auction before the month-long marketing campaign elicited more than 1,510 buyer prospects, 80 open house tours, 26 qualified showings, and nine total bidders.
“My client’s experience with Concierge Auctions was professional and seamless,” said Chad Gray of the Luxury Living Fort Lauderdale group at Compass Florida, who represented the buyer. “The firm delivered impressive results on all fronts, and the auction created the exciting urgency for my client to pursue this property. I look forward to working with Concierge Auctions again in the near future.”
41 Arvida Parkway, previously listed for $68 million, auctioned via Concierge Auctions’ digital marketplace on March 22nd in cooperation with Marc Hameroff and Lourdes Alatriste of Engel & Völkers. Concierge Auctions’ global marketing campaign resulted in 1,820 buyer prospects, 20 qualified showings, and six bidders. The sale price represents the highest in Coral Gables this year.